GroFin is a pioneering private development finance institution that supports and finances small and growing businesses (SGBs) across Africa and the Middle East. Specifically, it combines medium-term loan capital with value-added business support.
Established in 2004, GroFin provides a unique finance and support solution for SMEs in the missing middle. Its goal is to sustain jobs and create impact in local communities through a scalable, replicable, and sustainable SGB model.
Furthermore, by generating employment, strengthening value chains, and building markets, GroFin investments drive inclusive economic growth. In addition, they improve living conditions in the low- and middle-income countries where GroFin operates
GroFin
GroFin is a leading multi-national financier and advisor to small and medium enterprises (SMEs). Since 2004, it invests in the future value and potential of entrepreneurs at any stage, from start-up to expansion.
Furthermore, GroFin provides specialised finance solutions combined with business development support, making it a one-stop shop for committed entrepreneurs with viable business ideas. This includes start-ups, growing businesses, and established companies seeking up to $1 million in finance. By doing so, GroFin increases entrepreneurs’ chances of success through appropriate finance and tailored business support.
In addition, GroFin partners with more than 30 international development finance institutions, organisations, and private funders, raising cumulative funds of US$500 million for ten managed funds and programmes. Since 2004, it has invested in 675 SMEs and sustained 86,190 jobs across 14 countries in Africa and the Middle East, with headquarters in Mauritius.
Ultimately, GroFin delivers integrated finance and support solutions to base-of-the-pyramid SMEs, helping formalise businesses, support employment, and create lasting social and economic impact.
Moreover, GroFin’s goals align closely with the United Nations Sustainable Development Goals (SDGs), particularly SDG 8: ‘Decent Work and Economic Growth.’ Through providing access to finance, non-financial business support, and entrepreneurship development, GroFin helps start and grow formal SMEs while creating sustainable jobs. Consequently, their activities contribute significantly to achieving the SDGs in the countries where they operate.
Clients are offered:
- A FINANCIAL INVESTMENT to increase and expand on your business property in the form of building renovations, assets, equipment, furniture and even staffing.
- HELP YOUR BUSINESS grow from where it is, or help you start your business from the ground up.
- BUY AN EXISTING business and help you start taking over their process in your own unique way.
Furthermore, GroFin provides clients with a loan offer that aligns with their affordability and credibility, while also offering suitable repayment terms. In addition, the average investment period typically ranges between three and eight years, depending on the type of business being established or currently operated.
Sectors GroFin focuses on
GroFin funds SMEs across various sectors, with a particular focus on businesses that provide essential goods and services to base-of-the-pyramid consumers. Specifically, it prioritises SGBs in education, healthcare, agri-business, manufacturing, and essential services such as water, energy, and sanitation. These sectors, therefore, directly support the SDGs and contribute to poverty reduction.
Furthermore, GroFin combines finance with business support, thereby equipping high-impact SGBs with the tools they need to succeed and, at the same time, positively impact their communities.
Qualifying Businesses
- The business should be in one of our sectors of focus:Education, Healthcare, Agribusiness, Manufacturing, or Key Services (Energy/ Waste / Water / Recycling) are the main sectors where we finance and support SMEs. However, we also opportunistically consider businesses from other sectors.
- The business operates in a country where GroFin have an office:
South Africa, Zambia, Nigeria, Ghana, Ivory Coast, Senegal, Uganda, Tanzania, Kenya, Rwanda, Egypt, Iraq, Jordan or Oman.
- The business needs a medium term loan capital between:
US$100k and US$1.5M.
- The business must be making a positive social impact:
Creating Jobs, Empowering Women, Benefiting the Environment.
At DTC we understand the complexities of the various funding agencies and the unique application criteria for each. We have assisted thousands of entrepreneurs through the application process to access funding for businesses, and we can assist you with the same.
Contact us for more information on funding through GroFin.
